Administrative Declaration of Disaster for Illinois
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This notice declares a disaster in Illinois due to severe storms and a tornado that occurred in March 2026. Businesses and residents in affected areas can apply for disaster loans from the Small Business Administration (SBA) to cover physical and economic damages. Deadlines for loan applications are set for June 8, 2026, for physical damage and January 11, 2027, for economic injury.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Disaster declared in Illinois due to severe storm and tornado
- Small Business Administration offers loans for affected areas
- Application deadlines set for June 8, 2026, and January 11, 2027
Obligations
What this law requires
Businesses and residents in affected Illinois and Indiana counties must submit physical damage loan applications by June 8, 2026, to be eligible for SBA disaster assistance
Businesses and small agricultural cooperatives must submit economic injury disaster loan (EIDL) applications by January 11, 2027, to be eligible for SBA assistance
Applicants must submit disaster loan applications online through the MySBA Loan Portal at https://lending.sba.gov or at locally announced in-person locations
SBA must make available disaster assistance customer service through email at disastercustomerservice@sba.gov and phone at 1-800-659-2955, including telecommunications relay services (7-1-1) for individuals who are deaf, hard of hearing, or have speech disabilities
SBA must apply the specified interest rates for physical damage loans based on applicant type and credit availability status (ranging from 2.875% to 8.000%)